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  2. Michigan Inheritance Laws: What You Should Know - AOL

    www.aol.com/news/michigan-inheritance-laws-know...

    Michigan does not have an inheritance or estate tax, but your estate will be subject to the Wolverine State’s inheritance laws. In this detailed guide of Michigan inheritance laws, we break down ...

  3. Estate Tax vs. Inheritance Tax: What’s the Difference? - AOL

    www.aol.com/finance/estate-tax-vs-inheritance...

    Paying estate taxes: In the United States, the federal estate tax only applies to estates exceeding a certain value, which as of 2024, is $13.6 million. Simply put, if your estate is worth less ...

  4. Estate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Estate_tax_in_the_United...

    Delaware and Hawaii allowed their taxes to expire after Congress repealed the credit for state estate taxes, but reenacted the taxes in 2010. Exemption amounts under the state estate taxes vary, ranging from the federal estate tax exemption amount or $5.34 million, indexed for inflation (two states) to $675,000 (New Jersey).

  5. States With Inheritance Tax - AOL

    www.aol.com/states-inheritance-tax-130000515.html

    States With Estate Tax. State. Tax Rates. Exemption Limit. Due Date. Connecticut. 7.2% to 12%. $2.6 million. 9 months after the date of the decedent’s death

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    The Federal Estate Tax was introduced in 1916, and Gift Tax in 1924. Unlike many inheritance taxes, the Gift and Estate taxes were imposed on the transferor rather than the recipient. Many states adopted either inheritance taxes or estate and gift taxes, often computed as the amount allowed as a deduction for federal purposes.

  7. Here Are the States With No Estate or Inheritance Taxes - AOL

    www.aol.com/states-no-estate-inheritance-taxes...

    State estate or inheritance taxes are much lower, but they’re still significant when tacked on to the high federal rates. The highest state tax rates can be found in Washington and Hawaii ...

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